-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, T+fl2riSMqdOE1drz4CUK0waYdvKmhFjs19qhZA6O+P/fo9EkpLnq/hSf6FzlBVS b8dIqD3DGu9AndT+w7YuMA== 0001299933-05-006412.txt : 20051208 0001299933-05-006412.hdr.sgml : 20051208 20051208160549 ACCESSION NUMBER: 0001299933-05-006412 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20051202 ITEM INFORMATION: Entry into a Material Definitive Agreement FILED AS OF DATE: 20051208 DATE AS OF CHANGE: 20051208 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WEBMETHODS INC CENTRAL INDEX KEY: 0001035096 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING SERVICES [7371] IRS NUMBER: 541807654 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-15681 FILM NUMBER: 051252518 BUSINESS ADDRESS: STREET 1: 3877 FAIRFAX RIDGE ROAD - SOUTH TOWER CITY: FAIRFAX STATE: VA ZIP: 22030 BUSINESS PHONE: 7034602500 MAIL ADDRESS: STREET 1: 3877 FAIRFAX RIDGE ROAD - SOUTH TOWER CITY: FAIRFAX STATE: VA ZIP: 22030 8-K 1 htm_8772.htm LIVE FILING webMethods, Inc. (Form: 8-K)  

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

     
Date of Report (Date of Earliest Event Reported):   December 2, 2005

webMethods, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)

     
Delaware 001-15681 54-1807654
_____________________
(State or other jurisdiction 		_____________
(Commission 		______________
(I.R.S. Employer
of incorporation) File Number) Identification No.)
      
3877 Fairfax Ridge Road, South Tower, Fairfax, Virginia   22030
_________________________________
(Address of principal executive offices) 		  ___________
(Zip Code)
     
Registrant’s telephone number, including area code:   703-460-2500

Not Applicable
______________________________________________
Former name or former address, if changed since last report

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 1.01 Entry into a Material Definitive Agreement.

On December 2, 2005, the Compensation Committee of the Board of Directors of webMethods, Inc. ("webMethods" or the "Company") approved an increase in compensation for David Mitchell in connection with his service as webMethods’ President and Chief Executive Officer. Mr. Mitchell’s annual salary was increased to $450,000, and he is eligible to receive on-target cash incentive compensation in an amount up to 75% of his new base salary. The increase in compensation is effective as of October 2, 2005, the one-year anniversary of Mr. Mitchell’s appointment as President and Chief Executive Officer. Mr. Mitchell was also granted a stock option under the Company’s Amended and Restated Stock Option Plan to purchase 75,000 shares of the Company’s Common Stock at an exercise price equal to the closing price of the Company’s Common Stock on Friday, December 2, 2005.





SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

         
    webMethods, Inc.
          
December 8, 2005   By:   /s/ DAVID MITCHELL
       
        Name: DAVID MITCHELL
        Title: President & CEO
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